ICFAI Business Studies Aptitude Test

Computer Based Test

IBSAT Basic Information

  • Application Fee:₹ 1,800
  • Number Of Attempts:1
  • Examination Modes:Computer Based Test
  • Exam Conducting Body:ICFAI Foundation for Higher Education (ICFAI)
  • Courses:MBA , PGPM
  • Streams:Management

IBSAT 2023: Application form, Exam Dates, Syllabus, Eligibility Criteria.

Updated On - August 14 2023 by Abhinandan Singh

 ICFAI Business Aptitude Test will be held on last week of December at the University-Level. The entrants who will qualify IBSAT Entrance test can get admission to ICFAI affiliated different campuses in Jaipur, Hyderabad, Calcutta, Pune, Mumbai, Ahmedabad, Bengaluru, Gurgaon, Dehradun. Candidates are advised to go through the whole article below for the details regarding IBSAT 2023 Important Dates, Application Form, Eligibility Criteria and Admit Card.

IBSAT is a Computer Based Test (CBT) and consists of multiple-choice questions. IBSAT is of 2 hours duration and is aimed at testing the applicant’s ability in quantitative techniques, data interpretation, data adequacy, vocabulary, analytical reasoning and reading comprehension.

IBSAT 2023 Latest Updates

  • IBSAT 2023: The IBSAT (ICFAI Business School Aptitude Test) for admission to the full-time MBA and PGPM program is scheduled for the last week of December 2023.
  • Application Process: Interested candidates can apply for IBSAT admission 2023 online through the official website ibsindia.org by December 16, 2023.
  • Registration Fee: To complete the application process, a registration fee of Rs 1,800 needs to be paid.
  • Eligibility Criteria: Candidates should have a bachelor’s degree with 50 percent aggregate marks. Scores from CAT, XAT, MAT, NMAT, or other state-level entrance exams will also be considered.
  • Selection Process: Eligible candidates with valid IBSAT 2023 or other specified entrance exam scores can participate in the selection process. Those who clear the IBSAT 2023 exam will be invited for Group Discussion (GD) and Personal Interview (PI) rounds.
  • Test Result: The result for IBSAT exam 2023 will be declared in the first week of January 2024.
  • Group Discussions and Interviews: The Group Discussion (GD) and Personal Interview (PI) rounds will be held in February/March 2024.
  • Admission Offers: Admission offers for IBS' 9 campuses are based on performance, including GD, PI, and campus preferences.
  • Program Offerings: IBS offers MBA programs in Bengaluru, Hyderabad, Dehradun, and Jaipur campuses. The remaining five campuses offer the Post Graduate Program in Management (PGPM).
  • Placement Records: IBS maintains a strong placement record with at least 96% of students placed annually. Graduates find opportunities in various sectors including Financial Services, Banking, IT/ITES, Insurance, Consulting, and Manufacturing. International placements are also notable.

IBSAT 2023 Exam Status

Candidates can check IBSAT status from below:

IBSAT 2023 ApplicationJuly 01, 2023; To: Dec 16, 2023
IBSAT 2023 Test Dates24 - 25th December 2023
IBSAT 2023 Result1 st week of January, 2023
Selection Briefings2 nd week of January, 2023
Selection ProcessMBA/PGPM Program:During February/March 2023

How to Apply for IBSAT 2023?

The application form is common for admission to MBA/PGPM program at IBS Ahmedabad, IBS Gurgaon, IBS Hyderabad, and off-campus of IBS Hyderabad at Bangalore, IBS Dehradun, IBS Jaipur, IBS Kolkata, IBS Mumbai and IBS Pune campuses and PhD program (full-time/part-time) at IBS Hyderabad campus.

IBSAT Bulletin can be purchased through one of the following methods by payment of Rs 1800.

Direct Link to Apply for MBA/ PGPA Program-- Apply Here

IBSAT 2023 Important Dates 

The IBSAT 2023 important dates and Schedule can be checked below in the given table:

IBSAT 2023 ApplicationJuly 01, 2023
Application Last DateDec 16, 2023
IBSAT 2023 Test Dates24 - 25th December 2023
IBSAT 2023 Result1 st week of January, 2023
Selection Briefings2 nd week of January, 2023
Selection ProcessMBA/PGPM Program:During February/March 2023

Note - Candidates are asked to note that the above mentioned dates are according to the previous years's schedule till further notifications by the concerning authorities.

IBSAT 2023 Application Form

ICFAI Business School Aptitude Test 2023 Application Form details can be checked below. Steps for Online Application is summarised below:
  • The Applicants must go through the Eligibility Criteria & Requirements before going for the registration process.
  • Click on the Register Link on IBSAT 2023 website to start the registration process.
  • Candidates can register by providing the basic information.
  • Registered Candidates will receive an email notification to their registered email id with their application number, password, and the link to complete the application form.
  • Once you got registered, Log In using the Login credentials.
  • Fill in the remaining details i.e, Personal details, Education Qualifications, Choice of Examination centre and hit "Submit".
  • A summary along with the complete amount payable will be presented. You will be redirected to the payment gateway page by clicking on the "Make Payment" link.
  • Make Fee Payment via Net banking /Debit card/ Credit card.
  • On successful completion of the form and payment, the candidate can download the online application form.
  • All future communications will be done only to the registered email ID.

IBSAT 2023 Application Fee

The Application Fee for ICFAI Business School Aptitude Test (IBSAT 2023) for aspirants belonging to different categories is displayed in the table below:

IBSAT 2023 Registration  Fee
Applicant's Category Application Fee
All CategoriesRs 1800/-
Mode of Payments: Application fee of IBSAT 2023 can be paid through following payments gateways.
  • Net Banking 
  • Credit cards /Debit cards

IBSAT 2023 Eligibility Criteria

ICFAI Business School Aptitude Test 2023 Eligibility is given below for various offered courses. Candidates should check whether they are eligible or not before applying for the exam. Here is the eligibility for IBSAT:

  • Graduation (any discipline) with an aggregate of 50% and above marks with medium of instruction as English.
  • All Entrants should have completed at least 15 years of education (on 10+2+3 or 10+2+4 basis).
  • Candidates not meeting the required eligibility criteria of English medium in graduation have to submit the TOEFL/ NELT/ IELTS marks by 31 May 2023.
  • Applicants in their Last year of bachelor’s degree course are also permitted to apply, provided they complete their graduation requirements (including practical examinations/viva/ assignments) before 31 May 2023.
  • The Applicants willing to take admission to PGPM (Post Graduate Program in Management) Program offered by IBS Ahmedabad, IBS Bangalore, IBS Gurgaon, IBS Kolkata, IBS Mumbai and IBS Pune have to appear for IBSAT 2023.

IBSAT 2023 Exam Pattern

The IBS aptitude test 2023 Exam is an Online Entrance examination for applicants seeking admission in MBA /PGPM /PhD courses. The Exam Pattern of ICFAI Business School Aptitude Test 2023 is specified in a table below:
Entrance Exam Question Pattern for ISBAT 2023
Mode of ExaminationOnline
Types of QuestionsMCQs
No. of Questions140
Time Duration120 Minutes
No. of Sections4: A, B, C, D
Medium of examinationEnglish
Total Marks140
Marking Scheme 

(+) 1 for Correct Answers & No Negative Marking

Section-wise analysis of IBSAT Question Paper:

Number of questions
Maximum Score Section wise


Verbal Ability(VA)




Reading Comprehension(RC)




Quantitative Ability(QA)




Data Adequacy & Data Interpretation(DA & DI)




IBSAT 2023 Syllabus

According to the IBS Aptitude Test 2023 Syllabus, candidates must prefer the CAT level to prepare for various topics. The syllabus will include various topics from the subjects of Verbal Ability(VA), Reading Comprehension(RC), Quantitative Ability(QA), Data Adequacy & Data Interpretation(DA & DI). Topics included in the syllabus of IBSAT 2019 are given below in details for various subjects:

  • Verbal Ability: Synonyms/Antonyms, Word Relation, Error Spotting, Phrase Replacement/one-word substitute, Fill in the blanks, Jumbled Sentences.
  • Reading Comprehension(RC): 3 RCs with a word length of 500+, 1 RCs with a word length of 400+.
  • Quantitative Ability(QA): Number System, Speed, Time and Distance, Simplification & Algebra, Speed, Profit, Loss & Discount, Percentage, Permutation & Probability, Work and Time, Geometry and Mensuration, Simple interest & partnership, Time and Work, Ratio.
  • Data Adequacy & Data Interpretation(DA & DI): Data Sufficiency, Data Interpretation (Pie chart), Data Interpretation (Line, Bar & Graph), Data Interpretation (Line and Table).

ISBAT 2023 Preparation Tips

Candidates can check the preparation tips through the below-given details:

  • The candidates must study systematically and try to stick to the time table they have prepared. The candidates must study from reliable sources only and refer to the books of renowned authors.
  • Aptitude, logic, arithmetic, etc. subjects about which most of the questions are posed must be rigorously studied by the students.
  • The candidates must solve the previous year question paper and also the available sample papers.
  • The candidates must be well aware of all the happenings in the country and internationally which would help them in being up to date and hence enhance their general knowledge.
  • The candidates need to have a proper diet and rest, which would help them in maintaining their health.

Important Books to Prepare for IBSAT 2023

The candidates can check below some important boos to prepare or IBSAT 2023 exam:

IBSAT 2023 Important Books
Books for preparation
Word Power Made Easy
Mathematics for MBA entrance exam
Quantitative Aptitude for MBA Entrance Examination
Objective English 6e: For Competitive Examination

IBSAT 2023 Admit Card

Candidates can check the Admit Card of IBSAT 2023 through the below-given details:

  • IBS Aptitude Test 2023, Candidates can download the ICFAI Business School Aptitude Test 2023 Hall-ticket from the official website using the Application No. & password.
  • If slot booking is provided, then candidates have to first book a test slot and then download admit card of IBSAT 2023.
  • On the day of the exam, the admit card is to be carried in printed format.
  • On the admit card, candidates can check the allotted exam date and time of the exam as per which the students have to appear in the exam.
  • The candidates must have to produce Admit Card at the test-centre for writing the exam.
  • The admit card is not sent via post and must be downloaded online.
  • The Admit card includes the following Details:
    • Name 
    • Application Number
    • Date & Time of Entrance Examination
    • Test Centre Details

IBSAT 2023 Result

Candidates can check the Result for ISBAT Test 2023 through the below-given details

  • The candidates can check their result by using the Log In Credentials provided during the registration process.
  • To check the result, candidates have to log in using their application number and password
  • The result of candidates who appeared for IBSAT is calculated based on the performance of the candidates in the test.
  • Consequently, candidates qualified based on IBSAT 2023 / CAT / GMAT / NMAT by GMAC are called directly for the selection process at IBS Hyderabad campus.
  • For GD and PI candidates have to be available physically at the intimated centre. 
  • There is no option of sending the hard copy of the scorecard through the post. The scorecard consists of the actual marks scored by the candidate in different sections.
  • Official Website for IBSAT Result i.e https://www.ibsindia.org/admissions/

IBSAT 2023 Admission Process

The ICFAI University, Dehradun, The ICFAI University, Jaipur and The ICFAI Society accept Scores from 2018 onwards (only the candidates who have not appeared for the selection process in February 2020 are eligible to attend) or IBSAT/CAT/ NMAT by GMAC/GMAT/SNAP/XAT/MAT/CMAT/CET (Maharashtra) and any other State Level Test. for admission.

Stage 1: Appear for IBSAT 2023

The candidates who have GMAT / NMAT / CAT scores do not need to appear for IBSAT 2023 and can move to stage 2 if selected.

Stage 2: The candidates have to appear for GD and PI

The selected candidates after stage 1 are called for Group Discussion and Personal Interview. The selection is totally based on the scores of IBSAT 2023 or GMAT / NMAT / CAT.

Stage 3: Final admission

The final admission is given on the basis of past academic record and performance of the candidates in GD and PI.

Selection Briefings after IBSAT 2023

What is Selection Briefings? – The selection briefings are a series of focused seminars to provide the candidate with an insight into Programs and processes at IBS. Selection Briefings will be conducted at 40 locations from Jan 9 – 17, 2023.
When is the selection process conducted?
  • MBA Program – Candidates qualified based on IBSAT2023/ CAT/GMAT®/NMAT by GMACTM are called for the Selection process at IBS Hyderabad campus scheduled from February / March 2023.
  • PhD Program – Candidates qualified based on IBSAT2023/ CAT/GMAT®/NMAT by GMACTM are called for the Selection process at IBS Hyderabad campus.
What does the selection process comprise of? – Group Discussion, Personal interview.

Selection Process

Candidates who have qualified based on IBSAT 2023/ GMAT® /NMAT by GMACTM/CAT score are called for the selection process at IBS Hyderabad during February/March 2023. The selection process comprises of Group Discussion and Personal Interview.

Fee Structure of ICFAI Business School

The fee structure of IBS is given below:

Fee Structure for ICFAI Business School
IBS Campus Fee per Annum
(Rs. in Lakhs)
IBS Hyderabad (MBA)7.02
IBS Dehradun and IBS Jaipur2.835
IBS Bengaluru, IBS Gurgaon, IBS Mumbai, IBS Ahmedabad, IBS Kolkata, IBS Pune4.005
PhD Program1.2

IBSAT 2023 Highlights

Candidates may check the highlights of ISBAT 2023 through the below table:

Exam Name

IBSAT 2023

Conducting Body

The ICFAI Business School(IBS)


University Level Entrance Examination



IBSAT Official website


Exam Mode


Exam Purpose

To offer admission in MBA /PGPM /PhD courses.

About ICFAI Business School (IBS)

IBS is considered one of the finest B-school in the country, providing excellence in academic front and infrastructure. Established in 1995, IBS is member of the ICFAI Foundation for Higher Education (IFHE)and offers MBA and PhD programmes and has been declared a university. IBS campuses are spread across the country in different states which are- Ahmedabad, Bengaluru, Kolkata, Mumbai, Pune, Gurgaon, Dehradun and Jaipur. IBS Dehradun and Jaipur offers MBA programs only under the state legislature of Uttrakhand and Government of Rajasthan respectively. Candidates can get admission to any of these campuses through CAT/MAT/NMAT and IBSAT( conducted by the university itself). 

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IBSAT Important Dates

IBSAT 2022 Form Date01 Mar - 31 Mar 2023 (Tentative)

ICFAI Business Studies Aptitude Test Exam Pattern

Paper 1
Exam Duration:

2 hours

Total Marks:


Question Paper Type :

Multiple Choice Questions

Negative Marking:


1Quantitative Aptitude30130
2Verbal Ability50150
3Data Interpretation30130
4Reading Comprehension30130

Frequently Asked Questions


Form Start Date:

01 Mar 2023

Form End Date:

31 Mar 2023

The last date to submit the form was on 31 Mar 2023
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